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Jul 29, 2010
07/10
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>> susie: they're the foundation of the u.s. economy, but today a bill to boost lending to small businesses and increase hiring hit a wall in the senate. still, business owners say they need the help. >> i don't want to hire somebody and have to lay them off if work slows down. >> tom: we'll tell you what's holding her and others back from hiring. you're watching "nightly business report" for thursday, july 29. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening everyone, a big setback for small business tonight. senate republicans blocked a $30 billion plan to boost lending for the nation's small businesses. tom, president obama was counting on this bill to create jobs. >> tom: susie, the legislation also would have provided $12 billion dollars in tax breaks, but opponents argued it was just another expensive progra
>> susie: they're the foundation of the u.s. economy, but today a bill to boost lending to small businesses and increase hiring hit a wall in the senate. still, business owners say they need the help. >> i don't want to hire somebody and have to lay them off if work slows down. >> tom: we'll tell you what's holding her and others back from hiring. you're watching "nightly business report" for thursday, july 29. this is "nightly business report" with susie...
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Jul 30, 2010
07/10
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the u.s. recovery lost momentum this spring, susie. that came as consumers spent less and imports surged. >> susie: tom, "sluggish" is the best way to describe growth in the second quarter: the gross domestic product, or g.d.p., slowed to an annual rate of 2.4%. that's down from a revised 3.7% in the first quarter, but on the positive side, this is the fourth straight quarter of growth. >> tom: the smaller g.d.p. figure was balanced by a big jump in midwest business activity. the chicago purchasing managers index marked its 10th straight month of expansion, up to 62.3. any number over 50 signals growth. today's numbers highlight the cross currents in the economy, and whether growth will be strong enough to drive down unemployment. suzanne pratt takes a look at what analysts say lies ahead for the u.s. economy. >> reporter: on the surface, the economy growing at a rate of 2.4% doesn't sound so bad. after all, consumer spending in the second quarter was only slightly weaker than the first quarter. on top of that, businesses bought up equ
the u.s. recovery lost momentum this spring, susie. that came as consumers spent less and imports surged. >> susie: tom, "sluggish" is the best way to describe growth in the second quarter: the gross domestic product, or g.d.p., slowed to an annual rate of 2.4%. that's down from a revised 3.7% in the first quarter, but on the positive side, this is the fourth straight quarter of growth. >> tom: the smaller g.d.p. figure was balanced by a big jump in midwest business...
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Jul 5, 2010
07/10
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the one thing on the wish list of u.s. corporate executives is that the chinese currency would go up materially from where it is. that would make our exports there more competitive price basis and would lift the u.s. growth rate somewhat, and attractively. >> susie: both of you are of the view that this second half is going to be kind of slow and the economy is going to be sluggish. what would have to change for both of you to feel that the economy is stronger and better? josh, you first. >> some of the headwinds thar holding us back i think would have to diminish. households would have to feel that they had completed the process of balance-sheet repair, the credit restraint would have to diminish further and most importantly the labor market would have to kick into much higher >> the one thing that would get us there quicker is if the markets turn out to be stronger than we thought and create enough demand to lifkt our growth rate along with it. >> susie: jim, josh, thanks you so much and happy fourth of july. >> tom: to
the one thing on the wish list of u.s. corporate executives is that the chinese currency would go up materially from where it is. that would make our exports there more competitive price basis and would lift the u.s. growth rate somewhat, and attractively. >> susie: both of you are of the view that this second half is going to be kind of slow and the economy is going to be sluggish. what would have to change for both of you to feel that the economy is stronger and better? josh, you first....
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Jul 20, 2010
07/10
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u.s. steel is due out a week from today, and thursday, nucor earnings will hit the street. u.s. steel and nucor are at one- month highs. bank earnings clouded the market early on and there's a few more to come. goldman's drop in profits from a year ago was not a surprise, but making the drop larger was its big settlement with the securities and exchange commission over disclosure in a mortgage bond derivative deal. shares were climbing, though, rallying to their highest price since last april. state street bank saw a bigger rally, jumping almost 6%. shares are up 20% since earlier this month, when it said its second quarter was stronger than anticipated back then. and here are the results. stronger fees for its asset management business fueled the rise in profits, as earnings matched its guidance given two weeks ago. three more banks are due to report earnings tomorrow-- wells fargo, morgan stanley and northern trust. it was a mixed performance for these three. healthcare was the leading losing sector, with johnson & johnson as the second biggest percentage decliner of the dow i
u.s. steel is due out a week from today, and thursday, nucor earnings will hit the street. u.s. steel and nucor are at one- month highs. bank earnings clouded the market early on and there's a few more to come. goldman's drop in profits from a year ago was not a surprise, but making the drop larger was its big settlement with the securities and exchange commission over disclosure in a mortgage bond derivative deal. shares were climbing, though, rallying to their highest price since last april....
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Jul 26, 2010
07/10
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economist brian levitt sees rising shipments as a vote of confidence for the u.s. recovery. >> these improving profits you see at companies like u.p.s. and federal express is a very positive sign. it's a signal that there is economic activity around the world, the global economy remains healthy. the us economy is not likely to head into a double-dip recession. >> reporter: august and september are typically strong months for fedex and u.p.s., as retailers stock up on fall merchandise. economists hope shipments will be strong, a sign consumers are starting to spend again. erika miller, "nightly business report," new york. >> susie: one of the most successful vehicles in ford motor's history had a second coming out party today: the explorer. the new version is more fuel efficient and has more safety features than the sport utility that took the country by storm two decades ago. but, as diane eastabrook reports, this explorer faces a lot more competition than its predecessor. >> reporter: ford's 2011 explorer got a multi-city rollout in places like chicago, where it w
economist brian levitt sees rising shipments as a vote of confidence for the u.s. recovery. >> these improving profits you see at companies like u.p.s. and federal express is a very positive sign. it's a signal that there is economic activity around the world, the global economy remains healthy. the us economy is not likely to head into a double-dip recession. >> reporter: august and september are typically strong months for fedex and u.p.s., as retailers stock up on fall...